Crypto miners are in a difficult situation due to rising energy prices and supply shortages around the world.
Hydro-Quebec, one of Canada’s official energy providers, Quebec is looking for a solution to meet the energy demand in the state. The agency announced via its website that they are discussing cutting power to the blockchain industry in the state.
Energy provider according to sources, blockchain He had reserved a 270 megawatt quota for the industry. However, due to the problems experienced in energy supply, directing this size of energy source to miners may leave the households without energy.
“The expected significant increase in electricity demand and tightening energy market conditions could lead to the suspension of the quota allocated to blockchain companies.”
Hydro-Quebec did not make a clear statement about what areas the blockchain industry concept covers. However, according to estimates crypto miners It is seen as certain that he will be in a difficult situation.
Cryptocurrency miners in Canada, especially in the province of Quebec, are suffering due to the rules already in place. Mining companies from time to time express that they cannot grow their business due to regulations. The new measure planned for the winter months may take things in an even more negative direction.
With millions of dollars of investment in the province of Quebec bitcoin Mining company Bitfarms released an announcement after the news. The company announced that their energy agreement with Hydro-Quebec is continuing and they do not expect any serious cuts.
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